Comments on: Why bitcoin is both less and more secure than credit cardshttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/
speaking truth to the new powerTue, 31 Mar 2015 21:41:07 +0000hourly1http://wordpress.com/By: robkurverhttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-77294
Sat, 25 Jan 2014 20:32:16 +0000http://pando.com/?p=121445#comment-77294Reblogged this on White Rabbit.
]]>By: NonaGe78http://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75452
Sun, 05 Jan 2014 17:17:41 +0000http://pando.com/?p=121445#comment-75452my best friend’s mother-in-law makes $86 an hour on the computer. She has been out of work for 7 months but last month her pay was $20406 just working on the computer for a few hours. ===============>>>>>>>>
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]]>By: nikolayhttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75335
Sat, 04 Jan 2014 08:01:09 +0000http://pando.com/?p=121445#comment-75335I will stop commenting on here as the censorship is outrageous and is a waste of my time!
]]>By: nikolayhttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75316
Sat, 04 Jan 2014 03:45:24 +0000http://pando.com/?p=121445#comment-75316threedotcomnikolay Really? Tell this to the customers of inputs.io or the other companies that faked theft of bitcoins! If you have a wallet with, let’s say, Coinbase and it bellies up, or a trojan steals your keys, there’s no way for you to recover your bitcoins! I’m tired of this cold storage parroting! You still need to take coins out of your wallet! Hoarders talk all the big things about bitcoin that it’s revolutionary and, it will change commerce, etc., but advocate for cold storage and hoarding!

The Target hack hit Target and not their customers, so, cut the nonsense please! Nobody asks for your SSN to use a credit card! Even if you buy with bitcoins, if they have to ship to ship the goods to you, you still need to provide your name and address! Buying a subscription at porn.com is not the common case!

]]>By: Billhttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75287
Fri, 03 Jan 2014 23:45:21 +0000http://pando.com/?p=121445#comment-75287Reblogged this on Some Knowledge and commented:
An article on fraud and Bitcoin. A good read.
]]>By: Yves Ziebahttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75276
Fri, 03 Jan 2014 21:47:07 +0000http://pando.com/?p=121445#comment-75276A reblogué ceci sur Yves Ziebaet a ajouté:
Bitcoin revolution in digitally native finance & banking!
]]>By: threedotcomhttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75265
Fri, 03 Jan 2014 21:12:45 +0000http://pando.com/?p=121445#comment-75265nikolay That insurance is only intended to back your deposits in case the bank goes belly-up (i.e. they spend all the money you deposited, you want it back, and they don’t have it). With Bitcoin, this is not a problem. You can only spend the amount of money in your wallet. Period. There is no need for “depositor’s insurance” in the same form it is used in the banking system.
If you look into how to back-up, secure, and encrypt your wallet in cold storage, you will soon find that a more reliable method of protecting you funds than any bank could ever offer.
One final point: with Bitcoin, unlike a bank, your name, address, SNN, and other private information is not tied to your wallet address. There is virtually no way someone can ‘hack’ your wallet to find this data using Bitcoin. A bank, however, must store ALL of that data on a central database (remember the Target scandal?) putting your identity AND your finances at risk. What “insurance” do you own that protects you if your identity is stolen, credit cards opened, crimes committed, etc. in the event the bank’s server is hacked?
]]>By: nikolayhttp://pando.com/2014/01/03/why-bitcoin-is-both-less-and-more-secure-than-credit-cards/#comment-75227
Fri, 03 Jan 2014 18:57:34 +0000http://pando.com/?p=121445#comment-75227With credit cards, you’re liable for up to $50 in theory, but in practice, you’re not liable at all. If your bitcoins get stolen, there’s no way to recover them! Also, your bank account is insured up to $250K – you get no insurance with Bitcoin. ACH, checks, and PIN-based debit card payments are a different story and you should avoid them as they don’t offer the same level of protection!
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